Free CIMAPRA19-F01-1 Exam Dumps May 2026

Here you can find all the free questions related with CIMA F1 Financial Reporting (CIMAPRA19-F01-1) exam. You can also find on this page links to recently updated premium files with which you can practice for actual CIMA F1 Financial Reporting Exam. These premium versions are provided as CIMAPRA19-F01-1 exam practice tests, both as desktop software and browser based application, you can use whatever suits your style. Feel free to try the F1 Financial Reporting Exam premium files for free, Good luck with your CIMA F1 Financial Reporting Exam.

Question No: 1

CorrectText

The following information is extracted from QQ's statement of financial position at 31 March:

Included in other payables is interest payable of $80,000 at 31 March 20X2 and $73,000 at 31 March 20X1.

The following information if included within QQ's statement of profit or loss for the year ended 31 March 20X2.

Included within finance cost is $124,000 which relates to interest paid on a finance lease. QQ includes finance lease interest within financing activities on its statement of cash flows.

QQ is preparing its statement of cash flows for the year ended 31 March 20X2.

What cash outflow figure should be included for corporate income tax paid within the cash flow from operating activities section of the statement?

Give your answer to the nearest $000.

Question No: 2

CorrectText

The statement of profit or loss for PQ, ST and AB for the year ended 31 December 20X0 are shown below:

1. PQ acquired 80% of its subsidiary, ST, on 1 January 20X0 and 40% of its associate, AB, on 1 September 20X0.

2. Since acquistion PQ has sold goods to ST and AB for $20,000 and $30,000 respectively. At the year end both ST and AB have 50% of these goods remaining in inventory. PQ uses a mark-up of 20% on all of its sales.

3. Since acquisition the goodwill in respect of ST has been impaired by $8,000 and the investment in AB has been impaired by $2,000.

4. PQ uses the fair value method for non-controlling interest at acquisition.

Calculate the profit attributable to the non-controlling interests disclosed in PQ's consolidated statement of profit or loss for the year ended 31 December 20X0.

Give your answer to the nearest whole $.

Question No: 3

MultipleChoice

For an entity to be exempt from preparing consolidated financial statements it must meet certain criteria specified in IFRS 10 Consolidated Financial Statements.

Which of the following conditions would give exemption from preparing consolidated financial statements?

Options

AThe parent's securities are publicly traded.

BThe parent is in the process of issuing securities in a public securities market.

CThe parent is a wholly owned subsidiary of another entity.

DAll of the parent's subsidiaries are in one country.

Question No: 4

MultipleChoice

Which of the following does the phrase 'events after the reporting period' refer to?

Options

AMaterial events which occur between the statement of financial position date and the date on which the financial statements are approved

BMaterial events which occur after the release of the statement of financial position

CMaterial events which occur before the statement of financial position date

DMaterial events which occur between the income statement date and the statement of financial position date

Limited Time Offer

25%

Off

Get Premium CIMAPRA19-F01-1 Questions as Interactive Web-Based Practice Test or PDF